India, Mali strengthen trade and investment ties
New Delhi, July 3
In a significant step towards strengthening bilateral economic ties, India and Mali institutionalised their growing commercial partnership through the inaugural India-Mali Forum for the Promotion of Exports, setting the stage for deeper trade and investment cooperation between the two countries, according to a statement issued by the Commerce and Industry Ministry on Friday.
The two-day forum, held in Bamako under the theme "Reinforcing Trade and Strategic Partnerships", was presided over by the Prime Minister of the Transition Government of Mali, Major General Abdoulaye Maiga.
As a concrete next step, Mali announced a dedicated investment forum to be held on 3-4 December 2026, at which additional bankable projects will be made available to international investors. Mali reaffirmed its commitment to positioning itself as a strategic investment hub for West Africa under its Vision Mali 2063 roadmap.
The Forum brought together senior officials from both governments and around 30 Indian business leaders. The Indian delegation was led by Joint Secretary (FT-Africa), Department of Commerce, Amit Kumar. The mission was represented by N. Nandakumar, Ambassador of India to Mali.
India and Mali have witnessed robust growth in bilateral trade, which surpassed US$326.61 million in FY 2025-26, registering a 55 per cent increase over the previous financial year.
Mali's principal exports to India include raw cotton, finished leather, cashew, lead, gum arabic and sesame, while India's major exports comprise pharmaceuticals, cotton fabrics, two- and three-wheelers, and bicycles. India's Duty-Free Tariff Preference (DFTP) Scheme has been the primary catalyst in strengthening bilateral trade.
Against Mali's global exports of approximately $4 billion, untapped export potential in the Indian market is estimated at nearly $3.96 billion, signalling substantial room for growth.
Following the inaugural session and a visit to the Indian and Malian exhibition stands, featuring Sonalika tractors and vehicles manufactured by Mahindra and Tata Motors, the delegations participated in an intensive series of Business-to-Business (B2B), Business-to-Government (B2G) and Government-to-Government (G2G) matchmaking meetings.
The discussions covered renewable energy, pharmaceuticals, textiles, automotive manufacturing and mining, to convert business opportunities into commercial partnerships and Memorandums of Understanding.
On the second day, the Indian delegation met the Minister of Industry and Trade of Mali, Moussa Alassane Diallo. APEX-Mali also presented "Ready-Made Business Plans" for immediate investment opportunities.
The delegation later called on the Prime Minister of the Transition Government of Mali.
Both sides identified cotton and textiles, mining and energy, agro-industry and shea processing, pharmaceuticals, and social infrastructure, including health and education, as priority sectors for expanding bilateral cooperation.
Mali expressed strong interest in India's support for digitising its Certificate of Origin system and in the prompt registration of approved Indian pharmaceutical products.
The Indian side sought reconsideration of the shea nut export ban and reaffirmed the importance of protecting Indian nationals and investments.
— IANS
Reader Comments
This is fantastic news! Indian tractors and two-wheelers in Mali - our "Make in India" products reaching African markets. I'm particularly happy about the focus on renewable energy and pharmaceuticals. The duty-free scheme is a smart move that benefits both sides. But I hope the shea nut export ban issue gets resolved soon - it affects women-led cooperatives in both countries. 👩🌾
Smart diplomacy here - engaging with Mali's transition government while they're eager for partnerships. The $3.96 billion untapped potential is huge. But I worry about security risks. Was the protection of Indian nationals mentioned enough? Mali has been unstable. Hope our businesses do proper due diligence before investing big. One misstep could undo all this progress.
Interesting development. As someone who follows global trade, India's focus on Africa is strategic but faces competition from China. The 55% trade growth is solid, but from a small base. The B2B meetings and focus on digitizing certificates of origin are practical steps. Mali's shea nut export ban is a hurdle though - India should leverage this partnership to get more favorable terms. 🤔
So proud to see Tata and Mahindra vehicles on display in Bamako! 🇮🇳 The focus on health and education infrastructure is exactly what Africa needs. I just wish our government would also prioritize similar trade ties with other West African nations like Nigeria and Ghana. But baby steps - this forum is a good start. Looking forward to more Indian investment in Africa's future!
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